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\"Earlier it was optional. But we have noticed in two years that large number of fly-by-night operators are registering themselves as GST dealers. They make fake invoices also,\" Bihar deputy CM Sushil Kumar Modi, who heads the group of ministers of GST Network

\"I know the industries are going through a tough time now. We want to increase the growth rate. Recently, I met automobile manufacturers at all India convention of the automobile industry and all of them were little worried...,\" says Nitin Gadkari

A Rs 20,000 crore fund, with government putting in half of the amount, will be set up to provide last-mile funding for housing projects that are not in bankruptcy court or already tagged as bad debt, Nirmala Sitharaman said at a press conference

In 2018-19, India had trade deficit with 11 out of 20 RCEP countries. In 2017-18, it had a trade deficit of $104 billion with all RCEP countries; more than half of this ($57.86 trillion) was with China

Gandhi also tagged an interview of former prime minister Manmohan Singh in which he had said the government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation

Sitharaman's argument that millennials' preference for Ola and Uber is responsible for dismal auto sales was perceived by the auto industry as an excuse for not slashing excise duties to prop up sales - something the government has been hinting at for a week at least

Riding high on hopes of GST rate cut, BSE auto index gained 3.6 per cent, or 565.52 points, to close at 16,665, led by index heavyweights such as Tata Motors, Eicher Motors, Maruti Suzuki India, TVS Motor Company and Motherson Sumi Systems

In a comment that has invited severe backlash from critics, finance minister Nirmala Sitharaman blamed the auto slowdown on millennials, Uber and Ola. Watch as experts dissect her comment and work out the real reasons for the automobile slowdown.

Bajaj Auto's Managing Director Rajiv Bajaj believes that the unprecedented slowdown in the auto sector is largely due to \"overproduction and stocking\" by companies based on growth forecasts, and ruled out the need for a reduction in the GST rate